| Now is a great time to consider purchasing a new car. | | | | Purchase (PCP). This option is ideal for people who |
| With the influx of cars waiting to be sold there are | | | | change their cars frequently. PCP has a flexible |
| some fantastic bargains on offer at the moment. | | | | deposit and flexible repayments usually over a two |
| If money is no problem you can simply go out and buy | | | | and half or three year term with a final optional |
| whatever car takes your fancy, however for the | | | | settlement figure. This figure is calculated when you |
| majority of people buying a car can be an expensive | | | | purchase the car, providing you with a current value |
| outlay. There are many different ways to buy a car. | | | | settlement. At the end of the finance term you will |
| You could save the money yourself and wait until you | | | | have three different options to choose from. Firstly |
| have sufficient to buy a car with cash or a cheque. | | | | you can pay the agreed settlement figure and |
| This is fine if it is not going to take you long to save | | | | ownership of the car will be given to you outright. |
| the money. In reality if you only save a little amount | | | | Secondly, you have the option to hand the car back to |
| each month by the time you have saved enough the | | | | the dealers and walk away. You will not owe any |
| chances are the make and model will have changed | | | | money but you won't have a car either! Thirdly you |
| and the price may have increased. The downside to | | | | can part exchange the car to upgrade to a newer |
| this is the waiting-when you have made your mind up | | | | model. This is the most common option as it allows |
| to buy a car it can be very frustrating not being able to | | | | you to have a new or nearly new car every three |
| drive it off the forecourt straight away! | | | | years or so. Mileage restrictions will be applied and |
| Alternatively if you decide to buy a car from a | | | | excess mileage will be charged. |
| dealership you will have more options, such as buying | | | | Lastly-be honest with yourself-waiting to win the |
| the car with either a hire purchase or leasing | | | | lottery to buy a car isn't really an option at all! |
| agreement. Straightforward hire purchase is where | | | | Begin your search of purchasing a new car by going |
| you pay a deposit and enter into an agreement to | | | | online and taking a look at car dealerships who |
| make monthly repayments over an agreed period of | | | | specialise in selling the make of car you prefer. If you |
| time. Dealerships offering 0% finance are a great way | | | | have no particular preference to the make or model of |
| to save on interest rates if you are considering buying | | | | car it is still worth going online and looking at the great |
| a car with hire purchase. | | | | deals some dealerships are offering at the moment on |
| Many car dealerships will also offer Personal Contract | | | | their brand new cars. |